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Latest: Fintech News

China Reviewing Meta’s Purchase of AI Startup Manus: Report
China Reviewing Meta’s Purchase of AI Startup Manus: Report

Beijing could use the review to influence the transaction, including, in an extreme case, trying to force the parties to abandon the deal, according to a report by the Financial Times

‘Scam Billionaire’ Chen Zhi Arrested in Cambodia, Flown to China
‘Scam Billionaire’ Chen Zhi Arrested in Cambodia, Flown to China

Cambodian officials say the 'scam centre billionaire' - hit by US sanctions and the seizure of a $15 billion worth of bitcoin in October - has been deported to China after being found on Tuesday

Japan Says China’s Dual-Use Export Ban is ‘Unacceptable’
Japan Says China’s Dual-Use Export Ban is ‘Unacceptable’

A three-month curb on Chinese exports of rare earths, like that seen during 2010, could cost Japanese businesses 660 billion yen ($4.21 billion)

Hyundai to Use Humanoid Robots at US Plant in Physical AI Push
Chip Prices Fly Amid AI Boom, Samsung ‘to Flag Huge Profit Jump’
Next Generation of Chips is in Production, Nvidia’s Huang Says
Continuing AI Demand Lifts Asian Stocks to Five-Year Highs
Taiwan on Alert as Some China Warships Remain After Huge Drill
TSMC, Korean Firms ‘Can Send Chipmaking Tools to China Plants’
China’s AI Chipmaker Biren Jumps 76% in Latest Hong Kong IPO

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors